New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-18

The hank exchanges az the New York Clearing House
and the stocks sold at tho Now York stock Exchange for
the weeks OF three years compare as follows;
Ss ::s:s W. / Z ''' e wa
Last weeks bank statement compares with tho week
1885. when the lowost depth OF commercial and crcan
ami surplus ab,nt their maximum Therefore II Is
Interesting well as Instructive to carry the compait
respective points In the suJoned tables all the Treas
ury figures for 1885 Of July instead OF July Is.
have not the data except for the nrst of the
the totals OF issj s3o0O6OO; nut that docs not
materially affect the results OF the comparisons. In
neither the Treasury holdings OF National
bank notes incuIed but they were s99OOOoO on July
1895 aud 81 G5s. iO3 July iG 1887 This difference
will than oset any loss " legal money which the
ago. in making similar compsrison with year ago
estimated the years consumption Of gold by the arts AZ
Si5 900 900 knew the estimate was large but the
result OF the comparison astonishing that we
preferred TO err on that side Authorities since have
Informed us that our estimate was moro Than double the
actual IN the following comparisons we deduct from
the conirys gold product OF two wears 100000 for
the The following table compnre' tho Trcasrry's
and tie NewYork banks holdings Of legal money OF
July 1885, and tho products and Imports Of gold and tho
silver coinage since Jnly 1888 with the Ircasurys and
New York banks holdings on July TO- 1887
u g. Treasury gold l.O POS sos s927.6e0
u. \ Treasury, net legal tender =. .,..-o .o,o,o,
U. $. Treasury. ne; silver bull. - oo,,o 20 ,o,,s,
Ion aud dollars. 6fo2l'"oZ fo"oofoi
Total balances OF legal money
New York banxs. sp ,cie. 342D0 s77I1Tsoo
notes ....'.... 45,l0s 100 o2.g72. 500
YORK banks 1919 - -. sIel 544 800 slOO.03o.3o
YORK banks ............. $685. 22G62g s3sooii 0j3
ADD two years silver coinage. 04,OOu.OO0
Add product OF gold.
less 81 5000. 900 consumed by 100000
the fooVoVoo --......-..-'
years - ....g7......... Il.OO00Oo .............
Totals ................s 485 218G26 $685. ,053
The foregoing shows that far the Treasury aud
the York banks concerned there has
In the two years SIO4.315.573 legal moJcy In the
same time or rather 10 July l. the National bank note
circulation was contracted $50 694574 but the extern
sion Of the banking system into districts where Two
years ago there no banks, has so extended tho
sysem OF payments by checks that that contraction OF
circulating medium which has the quBliles OF leKa
money would hardly be felt In vast country IKE tho
United States containing go 100000 OF population As
the banking system extends the wants Of smpo crcu
latng medium arc reduced TO minimum Tho banks OF
New-York with their upward OF $50 600, 600 capital
carry note circulation OF only Ss,ooo,ooV. ,,
To carry comparison further aud take In te cono
ton of The Treasury at the respective dates wo have
compiled the following table:
July ], 1885 July l6, 1887
o. an baIsnces in vauts SOS 326 $3.50 $50 1s5
Dsposts in National banks..... l202s26A lb,6sS360
Total. .s21e6io, 500 s9os. AGA. rs
| . -
notes 20. 100000 10000
Lass fund for resumption Of Ma -
uonsi bank notss. less amounts